![Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Accommodation-Entries-to-Reduce-Taxable-Income-ITAT-Revenues-Appeal-TAXSCAN.jpg "Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenues Appeal [Read Order]")
Lack of Motive behind Allegation of Assessee taking Accommodation Entries to Reduce Taxable Income: ITAT dismisses Revenue's Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that there is lack of motive behind the...
![Capital Gain Exemption Benefit u/s 54Â can be availed in respect of Basement Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Gain-Exemption-respect-of-Basement-Property-ITAT-TAXSCAN.jpg "Capital Gain Exemption Benefit u/s 54Â can be availed in respect of Basement Property: ITAT [Read Order]")
![AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-AO-Third-Party-Commissioner-of-Income-Tax-taxscan.jpg "AO shall Conduct Independent Investigation without relying on Third Party Statements and Facts: ITAT upholds Deletion of Additions u/s 68 [Read Order]")
![Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Misguided-by-Professional-in-Appellate-Proceedings-ITAT-Exemption-Claim-TAXSCAN.jpg "Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]")
![Enhancing Cash In hand without issuing SCN: Uttarakhand HC directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/High-court-SCN-assessee-Uttarakhand-HC-taxscan.jpg "Enhancing Cash In hand without issuing SCN: Uttarakhand HC directs Re-adjudication [Read Order]")
Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT), recently by observing the decision of Supreme Court, held that courts should not go strictly by the rulebook to deny justice to deserving...
![Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Supreme-Court-CITA-Courts-taxscan.jpg "Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]")
CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed for fresh adjudication as the Commissioner of Income Tax Appeals (CIT(A)) failed to admit additional evidence as stipulated under...
![CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/CITA-Additional-Evidence-Admit-Additional-Evidence-ITAT-Fresh-Adjudication-taxscan.jpg "CIT(A) failed to Admit Additional Evidence as Stipulated under Rule 46A: ITAT directs Fresh Adjudication [Read Order]")
Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that litigation expenses incurred by Assessee Company for recovery of money from the debtors could not be disallowed. Assessee...
![Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Mumbai-Litigation-Expenses-CITA-Assessee-Section-40aia-Income-Tax-Act-taxsan.jpg "Litigation Expenses incurred by Assesee Company for Recovery of Money from Debtors cannot be Disallowed: ITAT [Read Order]")
Notices Issued by the AO Turned Bad in Law Being Vague:Â ITAT Holds Penalty Proceedings Initiated u/s 271(1)(c) as unsustainable [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held the penalty proceedings-initiated under Section 271(1)(c) of the Income Tax Act, 1961 as non-...
![Notices Issued by the AO Turned Bad in Law Being Vague:Â ITAT Holds Penalty Proceedings Initiated u/s 271(1)(c) as unsustainable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Notice-Turned-Vague-ITAT-Penalty-non-sustainable-TAXSCAN.jpg "Notices Issued by the AO Turned Bad in Law Being Vague:Â ITAT Holds Penalty Proceedings Initiated u/s 271(1)(c) as unsustainable [Read Order]")
No Penalty u/s 271(1)(c)Â When Income Tax is Payable based on Book Profit: ITAT Grants Relief to Havells India [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the penalty under section 271(1)(c) is not attracted when income tax is payable based on book profit hence the bench...
![No Penalty u/s 271(1)(c)Â When Income Tax is Payable based on Book Profit: ITAT Grants Relief to Havells India [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Penalty-Income-Tax-Payable-Book-Profit-ITAT-Havells-India-TAXSCAN.jpg "No Penalty u/s 271(1)(c)Â When Income Tax is Payable based on Book Profit: ITAT Grants Relief to Havells India [Read Order]")
![Software Insurance Charges Excludable from Export Turnover u/s 10AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Software-Insurance-Charges-Export-Turnover-Income-Tax-Act-ITAT-TAXSCAN.jpg "Software Insurance Charges Excludable from Export Turnover u/s 10AA of Income Tax Act: ITAT [Read Order]")